Arab National Bank, Saudi Arabia's seventh-largest lender by assets, reported a 5.5 percent fall in fourth-quarter net profit on Tuesday, missing analyst forecasts as fees and commissions declined and credit provisions rose.
Arab National Bank, Saudi Arabia's seventh-largest lender by assets, reported a 2.2 percent rise in third-quarter profit on Tuesday, marginally missing analysts' forecasts.
Net profit in the three months to September 30 wa
Saudi Arabia's Arab National Bank has issued SR2 billion ($533 million) of 10-year sukuk through a private placement, the kingdom's seventh largest lender by assets said in a bourse statement on Thursday.
The bank has the
Saudi Arabia's Arab National Bank has received regulatory approval to raise SR2 billion ($533.28 million) through sukuk which will enhance its supplementary capital, it said in a statement on Wednesday.
The kingdom's seven
Riyadh-based Arab National Bank (ANB) has installed the newest generation of HP Integrity Superdome 2 systems, which, when coupled with HP Mission Critical Partnership, ensure 24x7 service to the bank’s customers.
Arab National Bank (ANB) has announced the launch of its first futuristic ATM site which incorporates digital LED technology with display screens linked to the bank's headquarters.
This enables ATM users to avail 'real tim
Saudi banks with significant exposure to the corporate sector may see their net interest margins shrink as competition increases, NCB Capital said, downgrading Saudi Investment Bank and Arab National Bank to "neutral" from "overweight."
ANB Invest, the investment arm of Arab National Bank, has announced the start of its Diyar Jeddah Real Estate Fund project's infrastructure work.
'The award of the essential project infrastructure development contracts is a major m
APC by Schneider Electric, a global leader in integrated Critical Power and Cooling Services, said it had recently installated a Tier 3+ dark data center for Arab National Bank (ANB) in Saudi Arabia.
A strategic implementation, that has to
Arab National Bank (ANB), the Saudi affiliate of Jordan's Arab Bank, said on Saturday its board has proposed the distribution of a 1 riyal ($0.27) per share dividend for last year.
Arab Bank holds a 40 percent stake in ANB, or 260 mill